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Why are there 2 options for the same strike and date? For instance, BTU has two options for the jan 09 for $40 and $50.

-P
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paru100:

Because BTU spun off Patriot Coal (PCX). The 'old' pre spin off options become non-standard options:

Jan 50 Call (L-09) XZVAJ = 100 shares of BTU, 10 shares of PCX

and the newer ones are standard options:

Jan 50 Call (L-09) ZZTAJ = 100 shares of BTU

Mystery solved. :-))

Denny (Sherlock) Schlesinger
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Thanks. Is there a site where you found that out? I saw a similar scenario in BAM. I assume it is the same case, since they spun out BIP recently.

-P
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My broker's website (Ameritrade) has the info. Options are marked "S" or "NS" and the detailed quote tells you exactly what you are buying or selling.

You could try CBOE:

http://www.cboe.com/


Denny Schlesinger
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